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Indian Prime Minister Narendra Modi's government will decide next month on the sale of a $3 billion stake in state oil firm ONGC, in a major test of whether he will follow tentative reforms outlined in his first budget with actions.

Indian Prime Minister Narendra Modi's government will decide next month on the sale of a $3 billion stake in state oil firm ONGC, in a major test of whether he will follow tentative reforms outlined in his first budget with actions.

State oil giant Saudi Aramco is planning to enter the Indian hydrocarbon sector in a big way with the acquisition of a major stake in a mammoth $3.24 billion petrochemicals project in Gujarat, said a report.
The world's biggest oil

Seven energy firms, including Dubai-based Dragon Oil and Kuwait Energy, are likely to compete with Exxon Mobil Corp for the right to explore oil and gas blocks in northern Afghanistan, the country's Mining Ministry said in a statement.

India fell just short of its target in a chaotic $2.5 billion auction of shares in Oil and Natural Gas Corp, getting off to a faltering start in its bid to revive government stake sales to patch its widening fiscal deficit.
The country's t

The Indian government is set to raise at least $2.5 billion by selling a 5 percent stake in Oil and Natural Gas Corp (ONGC) on Thursday, aiming to patch up its widening fiscal deficit and revive its stalled privatisation agenda.
The long-

Sovereign wealth funds from the United Arab Emirates and Kuwait are among foreign investors that have pledged to buy shares in India's state-run Oil & Natural Gas Corp, the Economic Times reported on Monday.
Officials from the Kuwait

Difficulties in securing funding will delay India's Oil and Natural Gas Corp (ONGC) finalising a deal to take a 40 per cent stake in Iran's South Pars Phase 12 gas project, a source at the state-run oil explorer said on Wednesda

The Indian-operated Farzad field in Iran's Farsi block is expected to produce about 9.7 trillion cubic feet (TCF) of gas in 30 years, India's junior oil minister Jitin Prasada said on Monday.
Farsi is the first overseas asset for which Ind